Victorian Plumbing Share Discussion Threads

[npp62] 25/3/2022 08:46

Looks like the CEO should have waited a little longer... he'd have got twice as many shares for his money.

[topvest] 24/3/2022 20:53

Easy. IPO'd when profits were expanding significantly and valuations elevated anyway. Now they are hitting a bump in the road and its viewed as a value stock. It happens so often. The IPO price was excessive. The share price soon will be too low, but always difficult to find the bottom.

[npp62] 24/3/2022 18:25

If there's no trouble lurking, it makes you wonder how they came to the initial valuation in the first place.

[hybrasil] 24/3/2022 13:56

Goes to show the stock market is a tricky place. Worth now 1/6th of its value less than a year ago.

[alotto] 24/3/2022 11:34

I struggle to price this one, so I can't answer to that.
I think it's a business with quite a fierce competition.

[npp62] 24/3/2022 11:10

Have you seen the 12 month chart? Are you saying it was overvalued to start with?

[alotto] 22/3/2022 21:34

Why a problem?

[npp62] 22/3/2022 21:17

So where's the problem?

[alotto] 18/3/2022 20:48

That didn't help support the share price

[pottsypotts] 18/3/2022 20:17

CEO bought just under 3 million pounds worth in Dec

[alotto] 18/3/2022 18:30

I think lots of better and cheap opportunities elsewhere.
When and if the company will prove its potential we will see an uptick.
Not in the short term in my opinion.

[npp62] 18/3/2022 17:48

Didn't execs buy a significant amount of shares not so long back? I'm not a holder here, I just recall reading something about it? Seems to be quite a collapse... what's happened??

[madbuilder] 18/3/2022 15:50

looking at the share price its eliminating itself

[diku] 17/3/2022 15:23

Eliminate competition...

[madbuilder] 17/3/2022 15:17

why would anyone buy it they could stock similar items more cheaply they certainly dont have to invest money into this

[diku] 16/3/2022 18:32

B&Q owner Kingfisher could also gobble this and integrate within Screwfix stores model?...

[alotto] 16/3/2022 17:25

That's a pity the chart looks like this. I can see even 40p now. It's a shame coz I like the business

[madbuilder] 16/3/2022 17:14

the chart tells a true story absolutely no support even at 10p this would be high risk

[diku] 16/3/2022 16:49

Would Travis Perkins be interested in this?...

[mr5k] 15/3/2022 14:20

Has Victoria Plum (Plum) started to wave the white flag?

I've done a number of searches on bathroom products and in all the cases Victorian Plumbing came up first. In most, I had to scroll down far down to find Plum. It's clear that Plum has scaled back on bidding for keywords like bathroom fittings, shower trays, tap mixer, showerheads, faucets, loo paper holder, bathroom mirrors, bathroom tiles, toilets, flusher for toilets, bathroom fixtures etc. You get the picture.

Plum appeared on the first screen in bathroom tubs and sinks, loo seats, and shower enclosures. On these occasions, plum came up 2nd. It was not like this a few months ago.

Also interesting that Victorian Plumbing no longer appears as a paid ad when I type in Victoria Plum. Again, this was not the case a few months ago.

Google searches are expensive and can only be avoided if you go direct, either via email (but most end up in junk or spam) or getting customers on to apps. This will be possible for trade customers but unlikely to work with ad hoc projects. Trade has got to be the holy grail for online as the moneys saved on Google searches can be reinvested in lower costs for these customers. In the meantime, the ability to spend £60-70m a year (i.e. scale) on Google searches remains a formidable barrier to entry.

Victorian shares may well fall further but it will emerge as the category killer in bathrooms. I bought more yesterday and today and will buy more if the big figure changes to 4, 3, 2 and 1.

mr5k

[loganair] 14/3/2022 16:56

Analysts at Berenberg almost halved their price target for specialist retailer Victorian Plumbing from 130.0p to 70.0p on Wednesday as they lowered the group from 'buy' to 'hold', citing inflationary headwinds.

Berenberg said Victorian Plumbing's annual general meeting trading update on 24 February highlighted the fact that higher-than-expected inflation was impacting margins.

The German bank highlighted that while the group had outperformed the market, it expects retail DIY demand normalisation to continue to drag on top-line performance.

"Although a challenging market environment provides scope to capitalise on sub-scale peers – which is positive in the long term – with sales and margin headwinds likely to continue, we believe there are only a limited number of positive catalysts to drive improved investor sentiment," said the analysts.

[km18] 14/3/2022 16:40

...from last year...

Victorian Plumbing issued an upbeat FY21 trading update this morning. Revenues for the year grew around 29% and adjusted EBITDA for FY21 is anticipated to be ahead of market expectations. The company listed in June 21, share price is currently easing lower from IPO price of 330p. Revenue is growing fast, so are profits, the balance sheet also looks in good shape. Valuation is perhaps an obstacle with forward PE of 26 expensive for the household goods market, the IPO price valuing the company at over £1b on FY revenues of around £280m looks generous. The share price dropped over 10% on today’s decent release, further downside looks plausible in the near term as the market determines a fair price for VIC in secondary trading. The business itself looks pretty solid, but the share is one to monitor for now.

Victorian Plumbing Group Ltd is a retailer of bathroom products and accessories. The Company offers a range of products to business to consumers (B2C) and business to business (B2B). It provides an experience for both consumer and trade customers by offering a solution for the bathroom, with brands across a range of price points. Its ecommerce platform comprises of inventory, enterprise resource planning (ERP) and customer relationship management (CRM) systems which provide real-time data to various teams and functions within the business. The Company offers modern and traditional bathroom products on its online store as well as in its showroom...

...from WealthOracleAM

[alotto] 14/3/2022 15:23

Even on a positive day like today this stock stays low...

[alotto] 12/3/2022 10:33

10!? No way, it would be delisted before it gets there, if that's the case

[madbuilder] 12/3/2022 10:07

honestly think this will be sub 10p by may then its worth a gamble